NBA Launches Web3, Metaverse, NFT Collectibles Initiative

This week, the National Basketball Association (NBA) announced the launch of its own non-fungible token (NFT) initiative called “NBAxNFT”. According to the professional basketball league, the goal is to showcase “everything that intersects basketball and Web3, including NFTs, games, and metaverse.”

Professional Basketball and Web3 Clash

  • After the popular NBA Top Shot collection and the upcoming Golden State Warriors 2022 Playoff reactive NFT collection, the NBA has begun NBAxNFTwhich currently consists of a Twitter account and Discord Channel.
  • NBAxNFT is called the “Official Web3 Home of the NBA,” and the project aims to integrate everything basketball -related into NFTs, games, metaverse, and Web3 ideas.
  • “Thank you to everyone who followed”, official Twitter account of the initiative point. “If you’re new here, we’re excited to use this space to share everything about NBA and Web3 basketball. I look forward to joining our community and colleagues like NBA Top Shot.
  • In terms of all -time sales of NFT collections, Dapper Labs ’NBA Top Shot NFT Collection holds the ninth position, in terms of all -time sales volume. Currently, NBA Best Shot has a total of 16,006,548 sales, equivalent to $ 885.6 million since NFT’s inception.
  • The recently launched Discord channel has more than 35,000 members at the time of writing and according to the NBA, the 2022 NFT Playoffs will be released this weekend.
  • “We show everyone that intersects basketball and Web3, including NFTs, games, and metaverse,” the NBAxNFT Twitter account detailed to launch the Web3 initiative.
  • Four days later, the NBA’s Golden State Warriors announced the launch of the 2022 Playoff Responsive NFT Collection.
  • At the time of the press, the NBA did not disclose whether or not Dapper Labs or the Flow blockchain would be involved, despite mentioning the company in a tweet about the teammates. Discussions from the NBA’s Discord channel announced the upcoming NFT drop posted on Ethereum.

Keyword in this story

Dapper Labs, Digital Collectibles, Ethereum, Ethereum (ETH), Flow blockchain, Golden State Warriors, Metaverse, NBA, NBA Metaverse, NBA NFT, NBA Top Shot, NBA Web3, NBA Discord Channel, NBAxNFT, nft, NFT, NFT and NBA , Non-Fungible Tokens, Playoffs, Professional Basketball, Web3

What do you think of the NBA starting to create a space for Web3, NFT and metaverse content? Let us know what you think about this topic in the comments section below.

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Jamie Redman

Jamie Redman is the News Manager at Bitcoin.com News and a fintech reporter living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols that have emerged today.




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